Africa and climate change
News
Part 2: Needed investments will be difficult to finance
Particularly vulnerable to global warming, African states have already begun to develop climate strategies, often ambitious but which remain conditional on greater international climate financing.
Indeed, the need for climate investments is considerable (equivalent to 1.5% to 6% of the regional GDP per year on average by 2030), even though the region is already unable to finance on its own other investments that are just as essential (infrastructure, health, education, etc.).
Even under optimistic assumptions, it is likely that Africa will have a "climate financing gap" of around USD 50 billion per year over the next 10 years, for which innovative solutions (mainly from the private sectors of advanced countries) will have to be found.
published by Clément Gillet at Societe Generale Economic and Sector Studies.
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